te China's Xiaomi unveils first electric vehicle, plans to become top automaker | Zee Business

China's Xiaomi unveils first electric vehicle, plans to become top automaker

The sedan, dubbed the SU7, is a highly anticipated model that is expected to make the most of its shared operating system with the company's popular phones.

China's Xiaomi unveils first electric vehicle, plans to become top automaker
World's largest auto market is wrestling with a capacity glut and slowing demand that have stoked a bruising price war. (Image credit: Reuters)

 Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of world's top five automakers.

The sedan, dubbed the SU7, is a highly anticipated model that is expected to make the most of its shared operating system with the company's popular phones.

But the car is making its debut at a time when the world's largest auto market is wrestling with a capacity glut and slowing demand that have stoked a bruising price war.

TRENDING NOW

"By working hard over the next 15 to 20 years, we will become one of the world's top 5 automakers, striving to lift China's overall automobile industry," Chief Executive Lei Jun said at the event.

 

 

 

Updated: Thu, Dec 28, 2023
04:53 pm
New Delhi, Reuters
RELATED NEWS
Redmi 13C, 13C 5G launched - Check price, specs and sale date Redmi 13C, 13C 5G launched - Check price, specs and sale date
China's Realme hits 200 million shipment milestone, to launch premium phones China's Realme hits 200 million shipment milestone, to launch premium phones
Value of Apple sales underperforms Huawei, Xiaomi on China's Singles Day - Data Value of Apple sales underperforms Huawei, Xiaomi on China's Singles Day - Data

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x